Blockchain in Logistics Market Overviews
Blockchain in Logistics Market size was valued at US$ 13.39 Billion in 2023 and the total Blockchain in Logistics Market revenue is expected to grow at 58% through 2024 to 2030, reaching nearly US$ 329.34 Billion.
The logistics sector is becoming more complicated, with supply chains comprising an increasing number of sites and third parties for goods processing, fulfilment, and shipment. Because management frequently changes between stages, there is a high risk of miscommunication and error, which is one of the reasons why supply chain inefficiencies cost firms millions of dollars each year. According to the World Economic Forum, widespread blockchain implementation could boost global trade by $1 trillion over the next 10 years by removing trade barriers and shortening cumbersome processes. If organisations take advantage of blockchain's possibilities, logistics is destined to be one of the great winners in this fast-changing market.
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Blockchain in Logistics Market Scope and Methodology:
Maersk and IBM have teamed up to create a global blockchain-based system for digitising trade procedures and end-to-end shipment monitoring in order to boost efficiency in ocean freight. The technology allows each supply chain stakeholder to track the passage of items through the system and determine where a container is in transit. Stakeholders can also access bills of lading and other data, as well as check the status of customs paperwork. The use of blockchain technology guarantees safe data transmission and a tamper-proof store for this content. This technology is expected to track tens of millions of shipping containers each year, according to the two companies. It has the potential to drastically reduce delays and fraud in the logistics business, potentially saving billions of dollars.
Blockchain in Logistics Market Regional Insights
North America is expected to have the largest blockchain market in terms of market size. The region's early adoption of blockchain technologies, as well as the advent of various blockchain technology providers, will contribute to the market's overall share. Businesses in North America have recognised the value of blockchain technology in providing better customer experiences, and they have begun to use it to develop business applications. Due to the growth of e-commerce and the COVID-19 epidemic, consumers are placing more orders online, fueling the Blockchain in Logistics sector. This resulted in a 37% rise in volume, with 20 billion parcels delivered in the US, and a 29% increase in revenue, reaching $171 billion in 2020.
Blockchain in LogisticsMarket Segmentation
The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Blockchain in Logistics Market is aided by legal factors.
Blockchain in Logistics Market Key Players
IBM (India)
AWS (USA)
Microsoft (USA)
SAP (Germany)
Intel (USA)
Oracle (USA)
Bitfury (Netherlands)
Cegeka (Belgium)
Earthport (UK)
Guardtime (Estonia)
Digital Asset Holdings (USA)
Chain
Huawei. (China)
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Key questions answered in the Blockchain in Logistics Market are:
- What is Blockchain in Logistics ?
- What was the Blockchain in Logistics market size in 2023?
- What is the growth rate of the Blockchain in Logistics Market?
- Which are the factors expected to drive the Blockchain in Logistics market growth?
- What are the different segments of the Blockchain in Logistics Market?
- What growth strategies are the players considering to increase their presence in Blockchain in Logistics ?
- What are the upcoming industry applications and trends for the Blockchain in Logistics Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Blockchain in Logistics Market?
- Who are the leading companies and what are their portfolios in Blockchain in Logistics Market?
- What segments are covered in the Blockchain in Logistics Market?
- Who are the key players in the Blockchain in Logistics market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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